(Bloomberg) -- An exchange-traded fund tracking cryptocurrency miners and infrastructure providers debuts in Australia on Thursday, the latest in a global flurry of digital-asset products.
The Cosmos Global Digital Miners Access ETF -- ticker DIGA -- will include firms like Marathon Digital Holdings Inc., Riot Blockchain Inc., Hive Blockchain Technologies Ltd. and Hut 8 Mining Corp., according to a statement. It won’t directly hold cryptocurrencies and will trade on the Chi-X Australia exchange.
The ETF provides the “closest thing” to a correlation to Bitcoin in a regulated exchange, Dan Annan, chief executive officer of Cosmos Asset Management, said in an interview. It’s the first product to list with a focus on the “picks and shovels” of the digital-currency market, he said.
Annan said Cosmos -- which runs a Bitcoin wholesale fund -- is working with Australia’s regulators and exchanges to eventually list a physical Bitcoin ETF.
BetaShares next month is due to launch an Australia-listed ETF tracking global crypto-linked companies. Earlier in October, the U.S. allowed a futures-based ETF, a development that helped propel Bitcoin to a record high.
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